Tue, Jul 25, 2023
Finance Minister Nirmala Sitharaman said that tax revenue has been steadily increasing in the last three to four years, even though tax rates have not been hiked. She attributed this to the efforts of the Central Board of Direct Taxation (CBDT) to control evasion and the use of technology to improve tax collection. This is good news for taxpayers, as it means that they are not being overburdened by taxes.
More >
Fri, Jun 16, 2017
Among the metros, the Mumbai zone registered the highest revenue collection growth during the period with a growth of a whopping 138 per cent at Rs 22,884 crore from Rs 9,614 crore a year ago, sources at the income tax department here told PTI today.
Tue, Apr 04, 2017
The ministry said, "As against the Revised Estimate, the provisional figure of tax collection is Rs 17.10 lakh crore, which is a growth of around 18% compared to last."
Tue, Nov 29, 2016
There is a likely structural improvement in tax to GDP ratio in Indian economy, the report said.
Tue, Nov 15, 2016
Finance Minister Arun Jaitley believes that tax collection will increase. He said, "In the medium and long term, direct and indirect tax collection will increase. Lot of currency outside the banking system perforce will have to get into the system."
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
